P/C rates will rise by midyear, say analysts
Property and casualty insurers, faced with a 20% loss in investment revenue in the fourth quarter of 2008, will need to raise premiums by the middle of the year to firm up the market. The industry segment was heavily invested in high-quality corporate instruments and municipal bonds, both of which experienced dramatic drops that affected investors, say analysts.
PropertyCasualty360.com
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This story published in PCI SmartBrief on 01/06/2009
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